Lumian offers an AI-powered platform that analyzes business energy consumption patterns and recommends optimal tariffs and efficiency measures via a SaaS product integrated with IoT and Automated Meter Reading Systems (AMRS). The platform connects to industrial devices and is used by Turkish businesses including Pakmaya, Tebplast-Rosti, Polmar, Balorman, Gençler Kablo, and Başoğlu Kablo. Founded by Turkish entrepreneurs Batu Balkır and Emre Birol in April 2023, Lumian moved its headquarters to the United States and is based in Wilmington, Delaware. The company focuses on energy provisioning, bill analysis, and improving energy efficiency for commercial customers. Lumian plans to use the recent funding to drive growth and support international market expansion.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2024